Jon Matonis has announced he will resign from his position as executive director of the Bitcoin Foundation, and that he intends to step down from the group's board of directors at the end of his term on 31st December.
Bitcoin Foundation general counsel Patrick Murck will take over immediately as its newly elected executive director, while Matonis' board seat will be filled in a January 2015 election that will also appoint new members to positions vacated by Peter Vessenes and Gavin Andresen.
Matonis has served as the head of the bitcoin industry's oldest trade organisation since July 2013, when current Chairman of the Bitcoin Foundation Peter Vessenes resigned as executive director at the nine-month-old foundation. Matonis served as a board director and secretary for the group from its 2012 inception to the time he assumed the executive director position.
In statements to CoinDesk, Matonis voiced his hope that the Bitcoin Foundation will remain a powerful advocate for bitcoin, and expressed his personal gratitude to those who have been involved with the organisation.
Matonis said:
“Leading the Bitcoin Foundation has been a once-in-a-lifetime opportunity. Merging the diverse interests of the bitcoin community has been intellectually and professionally stimulating and now its time to pass the baton."
Matonis intends to continue to work professionally in the bitcoin community through private-sector initiatives. He will continue to hold the title of founding member due to his early involvement in the group. The Bitcoin Foundation is currently seeking to fill the role of general counsel, which has now been vacated by Murck.
Matonis previously held positions at investment management and digital payments consulting company Lydia Group, encrypted messaging startup Hush Communications, authentication services pioneer Verisign, and international credit card giant Visa.
A graduate from George Washington University, Matonis holds a BA in Economics, and also studied at the University of Maryland.
Article Source:http://www.coindesk.com/jon-matonis-resigns-bitcoin-foundation-executive-director/
